European Oil, Gas, and Renewable Energy Solutions >  News  

 Press Releases/Archive   |  Events Calendar 

..
> Homepage (News on Homepage)
> Upstream News
> Midstream News
> Downstream News
> Renewable Energy / Offshore Wind
> General Interest News 


 
. Processing Magazine - September 2014
 

 

 

Pipeline transportation market set for 10% annual growth


October 02, 2014   + + +   The global pipeline transportation market is predicted to expand at a compound annual growth rate (CAGR) of 10.0 percent over the next five years.

A new report from MarketsandMarkets examines the global market for pipeline systems, including those for carrying fuels, chemicals, water supply and other fluids. The research firm estimates that the market will be worth $8.69 billion by 2019.

Major forces driving the pipeline transportation market include the increase in demand for oil and natural gas and the need for a safe and economical method of transporting production. In particular, this market is expected to benefit from greater demand for secure midstream solutions in the Asia Pacific region and in Latin America.

Pipelines are widely considered to be the safest and most efficient means of transporting large quantities of oil, gas, chemicals, coal and water. Approximately 85% of all oil and gas is supplied through pipelines, MarketsandMarkets said.

According to the Canadian Energy Pipeline Association, every day its member companies transport enough crude oil and petroleum products to fill 15,000 tanker truck loads and 4,200 rail cars.

The industry has accelerated the process of building pipelines as a result of the increase in demand for fuels, a rise in offshore production and demand for cheaper methods of transportation. Companies are also investing considerable sums in pipeline infrastructure due to government regulations and compliance issues. And pipeline operators are now deploying more advanced technology such as SCADA and monitoring systems, sensors, batch trackers and intrusion detection to assist in pipeline management.

Source: MarketsandMarkets 
Published by Processing Magazine - Grand View Media Group

 

 








Worldwide more than
90,000 paid subscriptions

 


Worldwide more than 48,000 subscriptions -
100% one-year direct request qualification

 


'What's New' in Upstream, Midstream and Downstream Products & Services. Circulation 37,000

 
PennWell
Petroleum Group:

Oil & Gas Journal
Oil & Gas Journal Russia
OGJ_eNewsletter
 
OGJ-Website-Statistics

Oil, Gas & Petrochem Equipment

Offshore Magazine
Offshore Russia
Offshore eNewsletter 
Offshore Website Statistics

Oil & Gas Financial Journal

+ + + 

 For more information, media kits or sample copies please contact
Andreas Sicking
+49 (0)2903-338570

wilhelms@pennwell.com www.sicking.de


Please send news releases to Wilhelm Sicking - sicking-media@email.de